BAKU, Azerbaijan, October 31. Eni has reaffirmed its previously raised guidance for full-year adjusted Earnings Before Interest and Taxes (EBIT), Trend reports.
Thus, according to the company, the range set at 2.7 billion euros to 3 billion euros remains intact.
Moreover, the outlook for Eni's proforma adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) guidance has been increased to approximately 0.9 billion euros, surpassing the initial planning assumptions for the year, which stood at 0.7 billion euros.
Enilive, Eni Sustainable Mobility's new brand, is anticipated to achieve proforma adjusted EBITDA of around 1 billion euros, surpassing the previous guidance of more than 0.9 billion euros.
At the same time, downstream proforma adjusted EBIT2 is now expected to reach approximately 1 billion euros, significantly higher than the mid-year guidance of 0.8 billion euros.
Meanwhile, Eni has also revised up its forecast for exploration and production (E&P) for 2023.
As such, initial E&P estimates had ranged between 1.63 to 1.67 million barrels of oil equivalent per day (boe/d). However, the most recent update narrows this range to 1.64 to 1.66 million boe/d.